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Author Question: How much should a retailer mark up his goods so that when he has a 50% off sale, the resulting ... (Read 48 times)

809779

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Question 1

A bond mutual fund grows by 5% in 2014 and by 10% in 2016. By approximately how much did the fund grow in 2015 so as to increase by a total of 40% during the three year period?
◦ 16%
◦ 21%
◦ 25%
◦ Too little information is given.
◦ 26%

Question 2

How much should a retailer mark up his goods so that when he has a 50% off sale, the resulting prices will still reflect a 75% markup (on his cost)?
◦ 500% (400% over cost)
◦ 125% (25% over cost)
◦ 250% (150% over cost)
◦ 350% (250% over cost)
◦ none of these


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Marked as best answer by 809779 on May 5, 2020

Edwyer

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809779

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Reply 2 on: May 5, 2020
Thanks for the timely response, appreciate it


nothere

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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